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20121231
20121231
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statistics, things like political improvements and freedoms, this is really essential. countries like rwanda have been ranked no. 1. if you look around the markets, you will see the authority. 90% of the world's population. they're going to see improvements in those lives. there will be issues, but the story is very strong and that is why we are seeing the story being very positive. >> tell us about the frontier markets because you cite the story of capital labor productivity. it will explode very dramatically? >> i think there is a clear delineation between the advanced emerging economies and the frontier economies, but our related or integrated it is to the developed market, how much exposure do they have? in terms of trade and foreign direct investment, it is heavily dependent on the united states and europe. africa has 1 billion people and is less than 2% of world trade or direct investment. the real engine of growth is not going to be trade, unfortunately. if you look at valuations of the bank's and trading in the local market, the story is credible and hits to the story rather than be
Search Results 0 to 0 of about 1